NOT LISTED FOR SALE

1712 Gillette Crest South Pasadena, CA 91030

1 Bed
1 Bath
3,676 Sq Ft
14,119 Sq Ft

Last Sold June 12, 2017

Last sale price $1,990,000 $541 Per Sq Ft

8 Days on Market

Highlights

  • Wood Flooring
  • Spanish Architecture
  • No HOA
  • Monterey Hills Elementary Rated A+
  • Lawn
  • Crown Molding

About This Home

As of June 2017

This 6-unit is a NON rent-controlled apartment in the highly desirable City of South Pasadena, California. The property is rare and unique due to its superb location on Gillette Crescent, a quiet and peaceful residential area surrounded by high-priced single family residential houses. It is also located within the Award-Winning South Pasadena School District and less than a mile from Monterey Hills Elementary School, South Pasadena Middle School, and South Pasadena Senior High School. It is within walking distance to South Pasadena shopping district, the Public Library, Metro Rail, and the Farmer’s Market.

This Spanish revival style property has a desirable setting of 3 single-story bungalows with 2-units per bungalow and situated on an oversized lot (±14,119 square feet). This property offers a single-story construction layout with a garden style entryway. Parking is provided with 6 assigned garage/carport parking at the rear of the property.

Each unit has a large living room with all hardwood floors in living room and bedroom areas, individual washer/dryer included, and 2 wall A/C units. Units are enhanced with smooth ceilings, custom color paint, tiled kitchens, plenty of storage cabinets, wall shelves in the living room, and crown moldings in both the living and bedrooms. The property is separately metered for electricity and gas.

The property has lush landscaping with plenty of fruit trees, and provides a single-family residential atmosphere to tenants.

Last Agent to Sell the Property

Han Widjaja-Chen

GIG Real Estate Inc. License #01749321 Listed on: 04/17/2017

Last Buyer's Agent

Yvonne Matloff

TSE REALTY & MANAGEMENT SERVIC License #00908463

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 0.32 Acre Lot
  • Two or More Common Walls
  • Landscaped
  • Lawn
  • Garden
  • Front Yard

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Spanish Architecture
  • Property Attached

Interior Spaces

  • 3,676 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Living Room
  • Wood Flooring

Kitchen

  • Gas Range
  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5310031018

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Gardener Expense $1,050
  • Insurance Expense $1,470
  • Maintenance Expense $3,000
  • Trash Expense $1,200
  • Water Sewer Expense $2,400
  • New Taxes Expense $24,127
  • Operating Expense $33,727
  • Gross Income $109,980
  • Net Operating Income $72,954

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0.32 Acres

Parking

6

Listing Details

  • CapRate: 3.67
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: SPR310000*
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Gardener Expense: 1050.00
  • Parcel Number: 5310031018
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Crown Molding, Tile Counters
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 541.35
  • Room Type: Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Water Heater
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Landscaped, Lawn, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 14119.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 360.00
  • Gross Income: 109980.00
  • Gross Multiplier: 18.08
  • Gross Scheduled Income: 109980.00
  • Insurance Expense: 1470.00
  • Maintenance Expense: 3000.00
  • Net Operating Income: 72954.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Number With Disposal: 6
  • Number With Range: 6
  • Operating Expense: 33727.00
  • Rent Control: No
  • Total Expenses: 33727.00

Tax Info

  • New Taxes Expense: 24127.00
  • Tax Census Tract: 4807.03
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2017 06/12/17 Sold $1,990,000 +0.1% $541 / Sq Ft
04/25/2017 04/25/17 Pending -- -- --
04/17/2017 04/17/17 For Sale $1,988,000 -- $541 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $25,351 $2,013,322 $1,082,432 $930,890
2024 $25,351 $1,973,846 $1,061,208 $912,638
2023 $24,835 $1,935,144 $1,040,400 $894,744
2022 $24,282 $1,897,200 $1,020,000 $877,200
2021 $27,028 $2,133,679 $1,706,944 $426,735
2019 $26,277 $2,070,395 $1,656,316 $414,079
2018 $25,613 $2,029,800 $1,623,840 $405,960
2016 $21,403 $1,742,927 $1,358,126 $384,801
2015 $21,054 $1,716,747 $1,337,726 $379,021
2014 $20,788 $1,683,119 $1,311,522 $371,597
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR17074243

California Regional Multiple Listing Service (CRMLS)
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